Growth in demand for lightweight & durable materials in wind energy, marine, and construction industries for structural applications drives the growth of the market. Presently, the wind energy industry dominates the sandwich panel material market. Utilization of sandwich composite panels has increased owing to their characteristics such as enhanced performance and sustainable properties. Adoption of sandwich panel materials (non-honeycomb core) is highest in the Asia-Pacific region due to increase in demand from end-user industries and rise in need for sustainability in materials. However, the time consuming and complex manufacturing process is expected to hamper the market growth. Technological advancements in the composite molding processes, specifically related to sandwich panels, are anticipated to provide numerous growth opportunities for the market players.
The global non-honeycomb sandwich panel core materials market is segmented on the basis of material type, end user, and geography. By material type, the market is bifurcated into foam (low-density foam and high-density foam) and balsa. Based on end user, it is categorized into aerospace, wind energy, marine, transportation, construction, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2016, Asia-Pacific occupied the largest market share, followed by Europe, due to major growth in wind energy and marine end use industries. Asia-Pacific and LAMEA are anticipated to witness significant increase in demand for sandwich panel composites, owing to their growing transportation sector, improving infrastructure, and stable economic growth.
The prominent players in the global non-honeycomb sandwich panel core materials market have strategically focused on acquisition and product launches as their key strategies to gain significant market share.
The key players profiled in the report are as follows:
Gurit Holding AG
The Gill Corporation
Changzhou Tiansheng New Materials Co. Ltd.
Armacell International S.A.
Evonik Industries AG.
This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the non-honeycomb sandwich panel core materials market.
In-depth analysis of non-honeycomb sandwich panel core materials market size is conducted and estimations for key segments between 2015 and 2023 are provided.
Competitive intelligence (of leading manufacturers and distributors of non-honeycomb sandwich panel core materials) helps understand the competitive scenario across the geographies.
Global non-honeycomb sandwich panel core materials industry analysis for factors that drive and restrain the growth of the market are provided.
Non-honeycomb sandwich panel core materials industry analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Non-honeycomb sandwich panel core materials market share for all segments with respect to each geography is detailed in the report, which helps in understanding the trends in the industry at granular level.
Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the non-honeycomb sandwich panel core materials industry trends.
Non-Honeycomb Sandwich Panel Core Materials Market Key Segments
By Material type
Low Density Foam
High Density Foam
By End User Industry
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2. EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. MARKET SHARE ANALYSIS, 2015 (%)
3.4. VALUE CHAIN ANALYSIS
3.5. PORTERS FIVE FORCES ANALYSIS
3.5.1. Bargaining power of suppliers
3.5.2. Bargaining power of buyers
3.5.3. Threat of new entrants
3.5.4. Threat of substitutes
3.5.5. Intensity of competitive rivalry
3.6. MARKET DYNAMICS
18.104.22.168. Increase in adoption of sandwich panels for aircraft manufacturing
22.214.171.124. Design flexibility through sandwich panels
126.96.36.199. Rapid and economical construction techniques
188.8.131.52. Time-consuming and complex manufacturing processes
184.108.40.206. Carbon/glass hybrid structures
3.7. REGULATORY FRAMEWORK
CHAPTER 4. NON-HONEYCOMB SANDWICH PANEL CORE MATERIALS MARKET BY MATERIAL TYPE
4.1.1. Market size and forecast
220.127.116.11. Key market trends, growth factors, and opportunities
18.104.22.168. Market size and forecast
22.214.171.124. Low-density foams
126.96.36.199.1. Market size and forecast
188.8.131.52. High-density foams
184.108.40.206.1. Market size and forecast
220.127.116.11. Key market trends, growth factors, and opportunities
18.104.22.168. Market size and forecast
CHAPTER 5. NON-HONEYCOMB SANDWICH PANEL CORE MATERIALS MARKET BY END-USER INDUSTRY
5.1.1. Market size and forecast
22.214.171.124. Key market trends, growth factors, and opportunities
126.96.36.199. Market size and forecast
5.1.3. Wind Energy
188.8.131.52. Key market trends, growth factors, and opportunities
184.108.40.206. Market size and forecast
220.127.116.11. Key market trends, growth factors, and opportunities
18.104.22.168. Market size and forecast
22.214.171.124. Key market trends, growth factors, and opportunities
126.96.36.199. Market size and forecast
188.8.131.52. Key market trends, growth factors, and opportunities
184.108.40.206. Market size and forecast
220.127.116.11. Key market trends, growth factors, and opportunities
18.104.22.168. Market size and forecast
CHAPTER 6. NON-HONEYCOMB SANDWICH PANEL CORE MATERIALS MARKET BY GEOGRAPHY
6.1.1. Market size and forecast
6.1.2. North America
22.214.171.124. Key market trends, growth factors, and opportunities
126.96.36.199. Market size and forecast
188.8.131.52.1. Market size and forecast
184.108.40.206.1. Market size and forecast
220.127.116.11.1. Market size and forecast
18.104.22.168. Key market trends, growth factors, and opportunities
22.214.171.124. Market size and forecast
126.96.36.199.1. Market size and forecast
188.8.131.52.1. Market size and forecast
184.108.40.206.1. Market size and forecast
220.127.116.11.1. Market size and forecast
18.104.22.168.1. Market size and forecast
22.214.171.124. Rest of Europe
126.96.36.199.1. Market size and forecast
188.8.131.52. Key market trends, growth factors, and opportunities
184.108.40.206. Market size and forecast
220.127.116.11.1. Market size and forecast
18.104.22.168.1. Market size and forecast
22.214.171.124.1. Market size and forecast
126.96.36.199.1. Market size and forecast
188.8.131.52.1. Market size and forecast
184.108.40.206. Rest of Asia-Pacific
220.127.116.11.1. Market size and forecast
18.104.22.168. Key market trends, growth factors, and opportunities
22.214.171.124. Market size and forecast
126.96.36.199.1. Market size and forecast
188.8.131.52.1. Market size and forecast
184.108.40.206. South Africa
220.127.116.11.1. Market size and forecast
18.104.22.168. Saudi Arabia
22.214.171.124.1. Market size and forecast
126.96.36.199. Rest of LAMEA
188.8.131.52.1. Market size and forecast
CHAPTER 7. COMPANY PROFILES
7.1. 3A COMPOSITES
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments, 2014-2017
7.2. ALCOA CORPORATION
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.3. ARMACELL INTERNATIONAL S.A.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments, 2015-2017
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.5. CHANGZHOU TIANSHENG NEW MATERIALS CO. LTD.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.6. CORELITE INC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Key strategic moves and developments, 2014-2017
7.7. DIAB GROUP
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments, 2015-2017
7.8. EVONIK INDUSTRIES AG
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments, 2014-2016
7.9. GURIT HOLDING AG
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments, 2016
7.10. MILLIKEN & COMPANY
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.11. PROTECH COMPOSITES
7.11.1. Company overview
7.11.2. Company snapshot
7.11.3. Product portfolio
7.12. XXENTRIA TECHNOLOGY MATERIALS CO., LTD.
7.12.1. Company overview
7.12.2. Company snapshot
7.12.3. Operating business segments
7.12.4. Product portfolio
Sandwich structure is a composite configuration that consists of high strength composite facing sheets bonded to lightweight foam, balsa, or honeycomb core. Examples of these structures include skins made of glass/carbon/Kevlar fibers in vinyl ester/epoxy matrix bonded and separated by core materials such as foam and balsa. Sandwich panel serves designers in multiple ways; for example, they are majorly used to achieve high structural rigidity & low weight, and to impart enhanced properties such as vibration & noise damping, improved insulation behavior, and impact resistance.
Sandwich panels are lighter than individual components, resulting in increased adoption in automotive, aerospace & defense, marine, wind energy, and construction industries. However, high production cost of sandwich panel materials is projected to restrain the growth of the global market. Technological advancements in the composite molding processes, specifically related to building materials, are anticipated to provide numerous growth opportunities for the market players.
Foam accounted for around two-thirds of the revenue in 2016. The high-density foam segment dominated the market, generating for nearly three-fourths of the total revenue in the same year. Aerospace segment is expected to witness the fastest growth, owing to rise in demand for lightweight and durable materials.
Key Findings of Non-Honeycomb Sandwich Panel Core Materials Market
Foam segment is expected to grow at a CAGR of 5.8% during the forecast period.
India is estimated to be the fastest growing country, globally, for 2017-2023, growing at a CAGR of 7.3%.
Wind energy end user industry approximately occupied more than two-fifths of the global market share in 2016.
Germany occupied approximately one-fourth of the Europe non-honeycomb sandwich panel core materials market in 2016, and is expected to grow at a significant CAGR of 4.3%.
In 2015, Asia-Pacific and Europe collectively accounted for nearly two-thirds of the market, though North America is expected to grow at a faster rate than Europe during the forecast period. High growth rates in Canada, and Mexico, is estimated to drive this development.
The major companies profiled in the report include Diab Group, Hexcel Corporation, 3A Composites, Euro-Composites S.A., Gurit Holding AG, The Gill Corporation, Changzhou Tiansheng New Materials Co. Ltd., Plascore Incorporated, Armacell International S.A., and Evonik Industries AG.
- Diab Group
- Hexcel Corporation
- 3A Composites
- Euro-Composites S.A.
- Gurit Holding AG
- The Gill Corporation
- Changzhou Tiansheng New Materials Co. Ltd.
- Plascore Incorporated
- Armacell International S.A.
- Evonik Industries AG.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.